2 months on rocket

481 Brainard St, Detroit, MI, 48201

$555,000

Home List Price

$6,591*

Closing Credit

2 Full Baths
2,071 SqFt
$268/SqFt
Multi
Schools Nearby

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

481 Brainard St, Detroit$555,000

Buyer Closing Credits

$6,591*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeMulti Family
Year Built1930
HeatingNatural Gas, Steam
BasementYes
MLS #20240012170
Lot Size0.11 Acres
StatusActive

About 481 Brainard St

Located in the prime area of Midtown,this victorian home has three floors of living space. Brick walls, high ceilings. original fixtures, original woodwork, fireplaces, and high windows are a few of the features in this well appointed home. There are two living quarters and the front of the building has a small storefront. This is located in an opportunity zone. The zoning is special development district small scale mixed use.

Property Details

Property Features

Property Information:

  • Architectural Style: Victorian
  • Year Built: 1930
  • Stories: 3
  • Living Area: 2,071 SqFt

Listing Office:

  • Office Name: Lambrecht Realty LLC
  • Office Phone: (313) 736-4444
  • Listing Agent: Carole Baker

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 2

Exterior Features

Exterior Information:

  • Private Pool: No

Lot Features

Lot Information:

  • Lot Size: 0.11 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Steam

Other

Directions Information:

  • Directions: TAKE SECOND AVE. SOUTH- TURN LEFT ON BRAINARD. SECOND BUILDING ON SOUTH SIDE.

Price Information

Listing Price Info

Price Summary:

  • List Price: $555,000
  • Price Per SqFt: $268/SqFt

Tax Information:

  • Annual Amount: $418
  • Tax Year: 2021
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

See how this home compares to others in Detroit, MI.

Map thumbnail provided by MapBox

Detroit, MI

City

Med. Sold Price

$81K

Med. Price/SqFt

$70

Avg. Days On Market

45

# of Sold Homes

426

481 Brainard St vs Detroit

63 DAYS ON ROCKET

+18 Days

$555,000

+$473.9K More

$268/SqFt

+$197 More

KEY TAKEAWAY

This property is $473.9K more than the Median Sold Price and $197/SqFt more than other homes in Detroit, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Realcomp II Ltd
  • MLS Number: #20240012170

Listing Office:

  • Office Name: Lambrecht Realty LLC
  • Office Phone: (313) 736-4444
  • Listing Agent: Carole Baker

IDXDisclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.

IDX provided courtesy of Realcomp II Ltd. Copyright © 2024 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/3/2024, 3:20:38 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$418$151,200
2020$729$139,200
2018$729$37,700
2017$728$25,200

History based on county public records data.

Payment Calculator

$2,837

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,730

Powered By

Rocket Mortgage

NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-5432978
3
/10

  • University Preparatory Academy (PSAD) Elementary School

  • 957 Holden St

  • 1.30 miles

  • Public Charter Grades KG-5

school-card-donut-5432979
4
/10

  • University Preparatory Academy (Psad) Elementary School

  • 435 Amsterdam St

  • 1.44 miles

  • Public Charter Grades KG-5

school-card-donut-5432980
4
/10

  • University Preparatory Science and Math - Elementa

  • 2251 Antietam Ave

  • 1.65 miles

  • Public Charter Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $11,196. Residents of Detroit, MI typically earn less than $35k each year. The most common type of family is single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Wayne County›Detroit›48201›481 Brainard St

This home is located at 481 Brainard St in Detroit, MI and zip code 48201 in the Downtown neighborhood. This 2,071 square foot home, which was built in 1930, sits on a 0.11 acre lot. Features: 2 bathrooms. It has been listed on Rocket Homes since March 01, 2024 and is currently priced at $555,000.

In April 2024, from all listings sold in Detroit, MI there were more than 94 sold above asking price, over 243 sold below and more than 89 were sold right at the asked price. The inventory of homes for sale in Detroit, MI between March 2024 and April 2024 increased by 12.7%. In April 2024 median list price was $81,036 and the average listing age was 45 days.

From Rocket Homes Real Estate and based on county public records data.

More Resources